Billionaire Profile
David Fong
Global Rank
#1573

Image: Public domain | via Wikimedia Commons

David Fong

CEO, Hip Shing Hong Group
HK
Real-Time Net Worth
$2.3B
As of December 2025
Age
68
Source
Real estate
Industry
real-estate
Citizenship
HK

Biography

David Fong is a prominent figure in Hong Kong's real estate sector, currently serving as the managing director and co-chairman of the Hip Shing Hong Group. With an estimated net worth of $2.3 billion, Fong's wealth stems primarily from his involvement in real estate. His career includes significant experience in commercial real estate finance, acquisitions and legal expertise. Fong is also involved in philanthropic endeavors, chairing the Fong Shu Fook Tong Foundation and the Fong's Family Foundation. He holds degrees from Simon Fraser University and The University of Hong Kong.

Wealth Over Time

In-Depth Profile

Early Life

David Fong is a prominent figure in Hong Kong's business landscape. Details about his early life are limited, but it is known that he is a son of Fong Yun Wah and is the managing director and co-chairman of Hip Shing Hong Group.

Rise to Success

David Fong's career is centered around the real estate industry. He is the managing director and co-chairman of Hip Shing Hong Group, one of Hong Kong's largest private real estate investment companies. The group's businesses span residential, commercial, and hospitality sectors. His father, Fong Yun Wah, served as the chairman of the group until 2022.

Key Business Strategies

Fong's key role involves identifying, underwriting, and structuring investments and developing new business opportunities for Hip Shing Hong Group. The company has a long-standing commitment to philanthropy through the support of the two family foundations.

Philanthropy

David Fong chairs the twin philanthropic endeavors of the Fong family: The Fong Shu Fook Tong Foundation and Fong's Family Foundation. These foundations support charitable causes across Hong Kong and Mainland China, focusing on education, elderly and children care services, medical services, and poverty alleviation. The foundations donate a portion of the profits from the family business to support these causes.

Career Milestones

1993

Joined Family Business

Returned to Hong Kong to work in the family's real estate business, Hip Shing Hong.

2009

Managing Director

Assumed the role of Managing Director of Hip Shing Hong (Holdings) Company Limited.

Philanthropy & Social Impact

Education, Elderly and children caring services, medical services, poverty alleviation

Fong Shu Fook Tong Foundation

$XB

Supports charitable causes across Hong Kong and Mainland China.

Education, Elderly and children caring services, medical services, poverty alleviation

Fong's Family Foundation

$XB

Supports charitable causes across Hong Kong and Mainland China.

Business Philosophy & Leadership

Notable Quotes

""The number of participants getting involved in charities is growing, illustrating that people increasingly realize they have a shared future,""

Leadership Principles

Community Engagement

Committed to philanthropy and community engagement.

Adaptability

Believes in reforming charities to stay relevant and address societal needs.